Shippers Authority calls for tariff harmonization

| Updated Jul 30, 2018 at 7:22am

 

 

The Ghana Shippers’ Authority (GSA) has called for the harmonisation of the Common External Tariff (CET) and the new Harmonised System (HS Code) to ensure that mining companies are not short-changed in the payment of duties.

The move is aimed at facilitating business transactions in the mining industry to improve the country’s economy.

The Chief Executive Officer of the GSA, Benonita Bismarck, made the call at the opening of a forum for members of the Ghana Chamber of Mines in Accra.


The forum forms part of the Authority’s engagement with its stakeholders to address pressing issues affecting the shipping industry in international trade transactions.

The Authority also used the platform to sensitise participants on ways to avoid payment of demurrage.

Ms. Bismarck said that the issue of harmonising the Mining List, the HS Code and the CET is a very critical one and requires a lot of deliberation so as to facilitate doing business in the mining sector which is key to our nation’s development.The CET was introduced in February 2016 to ensure uniform tariff for countries in the Economic Community of West African States (ECOWAS), while the Harmonised Commodity Description and Coding System, also known as the Harmonised System of tariff nomenclature, is an internationally standardised system of names and numbers to classify traded products.

Ms Bismarck futher stated that the Chamber produced over 90 per cent of the country’s mineral output, which constituted a significant portion of the national economy; therefore it is imperative to create a conducive environment for its members to transact business smoothly that would inure to the benefit of the country.

SOURCE: GNA



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